In 2020, Ohanian also invested $4 million in Dispo ( David's Disposable). Through Initialized Capital, Ohanian invested $3 million in childcare start-up Kinside in 2019. In 2014, CB Insights analyzed all the investors in tech, ranking Ohanian number one for network centrality, the breadth of connections an investor has with other investors in the ecosystem, and the quality and depth of those links. It has had three funds, totaling over $500 million under management. Ohanian co-founded Initialized Capital in 2010 and made seed investments in start-ups including Instacart, Zenefits, Opendoor, and Cruise. In June 2021, Ohanian announced a new venture capital firm he is leading, named '776'. In June 2020, Ohanian ended his role as Managing Partner at Initialized. women's national team, Oscar-winning actor Natalie Portman, and many other prominent actors, entertainers, media personalities, and sportspeople, among them Ohanian's wife, Serena Williams. The ownership group, in which women hold a majority interest, includes 14 former members of the U.S. The new team, later unveiled as Angel City FC, started playing in 2022. On July 21, 2020, Ohanian was announced as the lead investor in a primarily female group that was awarded a new franchise in the National Women's Soccer League, the top level of the sport for women in the U.S. On June 10, 2020, it was announced that Michael Seibel, an African-American entrepreneur, was named a Reddit board member. On June 5, 2020, Ohanian resigned from Reddit's board, asking to be replaced by a black candidate in response to the murder of George Floyd. He also held the role of part-time partner and full-time partner at Y Combinator before leaving in 2016 to help launch the third Initialized Capital fund with Garry Tan. In this position, he meets with East Coast applicants, mentors New York YC founders, and is a general representative for the company. Ohanian was given the title 'Ambassador to the East' by the early-stage venture firm Y Combinator. In June 2010, Ohanian announced the launch of his company Das Kapital Capital, which focuses on start-up investing, advising, and consulting. Ohanian helped launch travel search website Hipmunk in 2010 and now acts as an adviser. After leaving Reddit in 2010, Ohanian spent three months working in microfinance as a Kiva fellow in Yerevan, Armenia. In 2009, Ohanian spoke at TED about a whale named Mister Splashy Pants. He is no longer involved in the day-to-day operations of Breadpig. In 2007, Ohanian launched Breadpig, an 'uncorporation' that produces geeky merchandise and gives the proceeds to charity. He stepped back from the company in February 2018 to return to focusing on investing. Ohanian returned to Reddit full-time with co-founder Huffman in July 2015 to lead the now-independent company. Ohanian continued to work closely with Reddit as a member of its board of directors. Reddit joined Y-Combinator's first batch of start-ups in the summer of 2005 and was later acquired by Condé Nast in 2006 for an undisclosed amount between $10 million and $20 million. Īt the University of Virginia, Ohanian achieved academic success and was inducted into The National Society of Collegiate Scholars (NSCS) and was an active member of his chapter. They later came up with with the goal of it becoming the ' front page of the Internet'. The company passed on the idea but encouraged the duo to come up with another idea it could potentially fund. Career Īfter graduating from the University of Virginia in 2005 with degrees in commerce and history, Ohanian and friend Steve Huffman pitched the idea MyMobileMenu to Y Combinator.

He went to Howard High School in Ellicott City, Maryland, where he gave the student address for his graduating class in 2001.

His paternal grandparents came to the United States as refugees after the Armenian genocide.

Alexis Kerry Ohanian was born in Brooklyn, New York.

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